financial education

Understanding how to scale the delivery of effective financial education for young people Evidence suggests that ‘just in time’ financial education can be particularly effective for young people before they embark into financial independence. However, in the UK, less than half of secondary school age children (42%) recall learning about...

New financial education guidance for primary and secondary schools in England has been launched today, with the support of the Department for Education (DfE). The guidance, which has been developed by the Money and Pensions Service (MaPS) in its role as coordinator of the 10-year UK Strategy for Financial Wellbeing, is aimed at encouraging conversations about money in the classroom by setting...

The UK Strategy for Financial Wellbeing sets a national goal to ensure that two million more children and young people across the UK receive a meaningful financial education by 2030. This guidance, supported by the Department for Education, aims to support both primary and secondary schools to play their part in achieving this goal. Developed for school leaders, subject leads and...

Almost a third (31%) of parents and carers don’t talk to their kids openly about money – missing out on an opportunity to help with children’s vital early understanding of money Parents who are very confident managing everyday finances twice as likely to talk money with kids This Talk Money...

To help support UK Strategy for Financial Wellbeing goal of two million more children and young people receiving a meaningful financial education by 2030, the Money and Pensions Service (MaPS) facilitated a workshop with subject matter experts to explore how the financial capability of 4, 5 and 6 year olds and their carers can be measured. We know that children start to learn vital money...

Many people who need help with their money are unaware of, unable or unwilling to receive support. Evidence suggests that people can be effectively reached and engaged with money help through other familiar channels and systems. Our Savings and Credit Pathfinders Programme aimed to design and explore ways to do this in practice and at scale, funding twelve projects across three...

Submission by the Money and Pensions Service to the All Party Parliamentary Group on Financial Education inquiry into the provision of primary financial education. Download the evidence

Existing evidence shows that when seeking help with money questions offline, young people value one-to-one advice from trusted intermediaries. However, online, young people use multiple platforms to seek money guidance. The internet appeals to young people as a source of advice. Yet, despite its many advantages, the online world can be overwhelming and confusing, and locating reliable,...

This Global Money Week, children and young people policy manager Zoe Renton shares four things the Covid-19 pandemic and recovery highlight about delivering meaningful financial education. There is a real opportunity to ensure that families are supported to build their children’s money skills, young people get targeted money guidance, financial education programmes are tailored to...

Policy manager Sophia Spence-Cheng shares thoughts on a new £900,000 programme funded by the Money and Pensions Service that tests innovative ways to deliver meaningful financial education to children and young people across the UK. Here at the Money and Pensions Service (MaPS), we lead on a vast programme of policy, research, and insight to understand what works in the provision and...

Financial education for 16 and 17 year olds: pathfinder evaluation

New guidance launched to help schools improve children’s money skills

Financial education guidance for primary and secondary schools in England

Up to 4 million parents keep mum on money matters

Measuring 4, 5 and 6 year olds’ financial capability: summary of workshop discussion

The Savings and Credit Pathfinders Programme – evaluation report

Consultation response | Evidence submitted by the Money and Pensions Service to the APPG on financial education’s inquiry

Young people and money: a review of young people’s use of online information and advice

Four things Covid-19 highlighted about financial education

Testing what works and addressing gaps in financial education: seven pilots for children and young people

Managing money in uncertain times